Anyone who has been following the daily volume and "top" level depth over the past weeks and months has seen a dramatic change from a weighted Sell side to today's current Buy side strength. I have said in past threads, that I believe a "largish" Holder was divesting AZM stock - evidence is based on Volume, Trade Analysis (Iress) and "top" realistic depth bids and offers. Has that divestment been completed?
AZM daily volume has been relatively low for some time and the share price has suffered because of the point I have made above.
Sentiment????.... Well, I know where MY sentiment lies with AZM. How others feel is up to them. The same negativity was said about PRU, when I repeatedly defended my position and took the opportunity to Buy at very low SP in end 2008 and Options in 2009 (converted - March 2009)... The same time that I bought AZM @ 10.5c.
Now we have similar Negative postings continually occupying the AZM threads, while I continue to espouse my positive sentiment about this very undervalued Gold Junior developer.
The SP facts are before you - The SP has more than halved from all time Highs 82c - 30c (close enough). Many Gold stocks have had similar moves, which to me indicates an oversold / under valued scenario for those same stocks - Doesn't it say something to you?
Have any of the "naysaying" negative posters even bothered to search for basic facts on the AZUMAH website - even had a look at the lastest presentation - Mines And Money Conference in Hong Kong?
Now, let's see what "positives" we can come up with, or negatives - if they are sensible and logical - AZM, remember.... AZM
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